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REVENUE RECOGNITION - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 29, 2019	Jun. 30, 2019
Contract liabilities
Customer contract liabilities		$ 0.8
Contract liabilities with customer, revenue recognized during the period	$ 0.8
Accrued Expenses and Other Current Liabilities
Contract liabilities
Customer contract liabilities	$ 0.7

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Income Statement [Abstract]
NET SALES	$ 99,628	$ 121,541	$ 209,417	$ 215,182
COST OF SALES	78,486	94,467	162,742	164,906
GROSS PROFIT	21,142	27,074	46,675	50,276
OPERATING EXPENSES:
Selling and marketing	4,343	4,257	8,407	8,547
General and administrative	5,477	7,108	13,262	13,880
Amortization of other intangible assets	987	987	1,974	1,517
Total operating expenses	10,807	12,352	23,643	23,944
OPERATING INCOME	10,335	14,722	23,032	26,332
OTHER EXPENSE:
Interest expense	1,237	2,042	2,581	2,962
INCOME BEFORE INCOME TAX EXPENSE	9,098	12,680	20,451	23,370
INCOME TAX EXPENSE	2,219	2,492	4,949	4,718
NET INCOME	$ 6,879	$ 10,188	$ 15,502	$ 18,652
EARNINGS PER SHARE:
Basic	$ 0.37	$ 0.55	$ 0.83	$ 1.00
Diluted	$ 0.37	$ 0.54	$ 0.83	$ 0.99
WEIGHTED AVERAGE SHARES USED FOR COMPUTATION OF:
Basic earnings per share	18,730,688	18,653,111	18,727,267	18,649,575
Diluted earnings per share	18,770,783	18,772,322	18,770,770	18,770,543

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Balance, beginning at Jun. 30, 2018	$ 52,522	$ 187	$ 114,052	$ (61,717)
Balance, beginning (in shares) at Jun. 30, 2018		18,682,338
Increase (decrease) in stockholders' equity
Adoption of accounting standards \| ASU 14-09	(3,091)			(3,091)
Equity-based compensation activity	642		642
Equity-based compensation activity (shares)		43,852
Net income	18,652			18,652
Balance, ending at Dec. 30, 2018	68,725	$ 187	114,694	(46,156)
Balance, ending (in shares) at Dec. 30, 2018		18,726,190
Balance, beginning at Sep. 30, 2018	58,175	$ 187	114,331	(56,343)
Balance, beginning (in shares) at Sep. 30, 2018		18,721,420
Increase (decrease) in stockholders' equity
Equity-based compensation activity	362		363	(1)
Equity-based compensation activity (shares)		4,770
Net income	10,188			10,188
Balance, ending at Dec. 30, 2018	68,725	$ 187	114,694	(46,156)
Balance, ending (in shares) at Dec. 30, 2018		18,726,190
Balance, beginning at Jun. 30, 2019	72,316	$ 188	115,582	(43,454)
Balance, beginning (in shares) at Jun. 30, 2019		18,764,037
Increase (decrease) in stockholders' equity
Equity-based compensation activity	92	$ 1	91
Equity-based compensation activity (shares)		108,129
Net income	15,502			15,502
Balance, ending at Dec. 29, 2019	87,910	$ 189	115,673	(27,952)
Balance, ending (in shares) at Dec. 29, 2019		18,872,166
Balance, beginning at Sep. 29, 2019	81,109	$ 189	115,751	(34,831)
Balance, beginning (in shares) at Sep. 29, 2019		18,838,997
Increase (decrease) in stockholders' equity
Equity-based compensation activity	(78)		(78)
Equity-based compensation activity (shares)		33,169
Net income	6,879			6,879
Balance, ending at Dec. 29, 2019	$ 87,910	$ 189	$ 115,673	$ (27,952)
Balance, ending (in shares) at Dec. 29, 2019		18,872,166

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

EARNINGS PER SHARE - Factors Used in Earnings Per Share Computation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Earnings Per Share Basic [Line Items]
Net income	$ 6,879	$ 10,188	$ 15,502	$ 18,652
Weighted average shares — basic	18,730,688	18,653,111	18,727,267	18,649,575
Weighted average outstanding shares — diluted	18,770,783	18,772,322	18,770,770	18,770,543
Basic earnings per share	$ 0.37	$ 0.55	$ 0.83	$ 1.00
Diluted earnings per share	$ 0.37	$ 0.54	$ 0.83	$ 0.99
Stock options
Earnings Per Share Basic [Line Items]
Dilutive effect of assumed exercises of stock options and restricted share awards\units	22,629	50,261	25,052	51,307
Restricted stock awards
Earnings Per Share Basic [Line Items]
Dilutive effect of assumed exercises of stock options and restricted share awards\units	17,466	68,950	18,451	69,661

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

REVENUE RECOGNITION

6 Months Ended

Dec. 29, 2019

Revenue From Contract With Customer [Abstract]

REVENUE RECOGNITION

2.	REVENUE RECOGNITION

The following tables present the Company’s revenue from contracts with customers by major product category and reportable segment.

	Three Months Ended December 29, 2019
	MasterCraft		NauticStar		Crest		Total
Major Product Categories:
Boats and trailers	$	66,332	$	15,485	$	16,097	$	97,914
Parts		1,276		87		121		1,484
Other revenue		149		4		77		230
Total	$	67,757	$	15,576	$	16,295	$	99,628

	Six Months Ended December 29, 2019
	MasterCraft		NauticStar		Crest^(a)		Total
Major Product Categories:
Boats and trailers	$	135,619	$	33,319	$	34,721	$	203,659
Parts		4,707		246		301		5,254
Other revenue		344		6		154		504
Total	$	140,670	$	33,571	$	35,176	$	209,417

	Three Months Ended December 30, 2018
	MasterCraft		NauticStar		Crest		Total
Major Product Categories:
Boats and trailers	$	74,976	$	19,182	$	25,754	$	119,912
Parts		1,101		14		86		1,201
Other revenue		320		—		108		428
Total	$	76,397	$	19,196	$	25,948	$	121,541

	Six Months Ended December 30, 2018
	MasterCraft		NauticStar		Crest^(a)		Total
Major Product Categories:
Boats and trailers	$	147,352	$	36,305	$	25,754	$	209,411
Parts		4,682		294		86		5,062
Other revenue		597		4		108		709
Total	$	152,631	$	36,603	$	25,948	$	215,182

(a)

Crest was acquired on October 1, 2018.

Contract Liabilities

As of June 30, 2019, the Company had $0.8 million of contract liabilities associated with customer deposits. During the six months ended December 29, 2019, all of this amount was recognized as revenue. As of December 29, 2019, total contract liabilities associated with customer deposits were $0.7 million, were reported in Accrued expenses and other current liabilities on the condensed consolidated balance sheet, and are expected to be recognized as revenue during the remainder of the year ended June 30, 2020.

LEASES - Summary of Company's Maturity Analysis of Operating Lease Liabilities (Details) $ in Thousands	Dec. 29, 2019 USD ($)
Leases [Abstract]
Remainder of 2020	$ 183
2021	359
2022	298
2023	72
2024	1
Total lease payments	913
Less: Interest	(52)
Present value of lease payments	$ 861

INCOME TAXES

6 Months Ended

Dec. 29, 2019

Income Tax Disclosure [Abstract]

INCOME TAXES

9.	INCOME TAXES

The Company’s consolidated interim effective tax rate is based on a current estimate of the annual effective income tax rate adjusted to reflect the impact of discrete items. The differences between the Company’s effective tax rates and the statutory federal tax rate of 21.0% primarily relate to the inclusion of the state tax rate in the overall effective rate offset by a permanent benefit associated with the foreign derived intangible income deduction. During the three months ended December 29, 2019 and December 30, 2018, the Company’s effective tax rates were 24.4% and 19.7%, respectively. During the six months ended December 29, 2019 and December 30, 2018, the Company’s effective tax rates were 24.2% and 20.2%, respectively. The Company’s effective tax rates for the three and six months ended December 29, 2019 are higher compared to the effective tax rates for the three and six months ended December 30, 2018, primarily due to favorable discrete adjustments which reduced the effective tax rates for the three and six months ended December 30, 2018.

EARNINGS PER SHARE - Schedule of Antidilutive Weighted Average Shares Excluded from Computation of Diluted Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Restricted stock awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted earnings per share	69,199	2,925	47,791	775
Performance stock units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of diluted earnings per share	48,709	1,559	56,310	775

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

6 Months Ended

Dec. 29, 2019

Accrued Liabilities And Other Liabilities [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:

	December 29,		June 30,
	2019		2019
Warranty	$	18,495	$	17,205
Dealer incentives		8,643		12,623
Floor plan interest		3,506		2,060
Compensation and related accruals		1,854		3,494
Inventory repurchase contingent obligation		1,503		1,936
Self-insurance		861		606
Debt interest		631		405
Current operating lease liabilities		332		—
Other		2,978		3,092
Total accrued expenses and other current liabilities	$	38,803	$	41,421

Schedule of Activity Related to Warranty Liabilities Recorded in Accrued Expenses and Other Current Liabilities

The following activity related to warranty liabilities was recorded in Accrued expenses and other current liabilities during the six months ended December 29, 2019 and December 30, 2018:

	Six Months Ended
	December 29,			December 30,
	2019			2018
Balance at the beginning of the period	$	17,205		$	13,077
Provisions		3,858			3,621
Additions for Crest acquisition		—			681
Payments made		(4,332	)		(3,657	)
Aggregate changes for preexisting warranties		1,764			2,242
Balance at the end of the period	$	18,495		$	15,964

LONG-TERM DEBT - Senior Secured Credit Facility - Additional Information (Details) - USD ($) $ in Thousands	Oct. 01, 2018	Dec. 29, 2019	Jun. 30, 2019
Long-term debt
Unamortized debt issuance costs		$ 398	$ 451
Revolving Credit Facility
Long-term debt
Outstanding borrowings		0
Net availability under facility		35,000
Unamortized debt issuance costs		$ 400	$ 500
Fourth Amended Credit Agreement
Long-term debt
Maximum borrowing capacity	$ 190,000
Fourth Amended Credit Agreement \| Prime Rate
Long-term debt
Effective interest rate		0.75%
Fourth Amended Credit Agreement \| Prime Rate \| Minimum
Long-term debt
Variable margin rate	0.50%
Fourth Amended Credit Agreement \| Prime Rate \| Maximum
Long-term debt
Variable margin rate	1.50%
Fourth Amended Credit Agreement \| LIBOR
Long-term debt
Effective interest rate		1.75%
Fourth Amended Credit Agreement \| LIBOR \| Minimum
Long-term debt
Variable margin rate	1.50%
Fourth Amended Credit Agreement \| LIBOR \| Maximum
Long-term debt
Variable margin rate	2.50%
Fourth Amended Credit Agreement \| Term Loan One
Long-term debt
Loan commitment	$ 75,000
Fourth Amended Credit Agreement \| Term Loan Two
Long-term debt
Loan commitment	80,000
Fourth Amended Credit Agreement \| Revolving Credit Facility
Long-term debt
Maximum borrowing capacity	$ 35,000

INVENTORIES (Tables)

6 Months Ended

Dec. 29, 2019

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following:

	December 29,			June 30,
	2019			2019
Raw materials and supplies	$	19,511		$	20,034
Work in process		4,918			4,571
Finished goods		6,433			7,207
Obsolescence reserve		(1,376	)		(1,152	)
Total inventories	$	29,486		$	30,660

LEASES - Future Minimum Rental Payments Under All Non-cancelable Operating Leases (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Future minimum rental payments
2020	$ 703
2021	690
2022	628
2023	402
2024	402
Thereafter	1,806
Total	$ 4,631

SHARE-BASED COMPENSATION - Forfeiture of Equity Awards - Additional Information (Details) $ in Millions	3 Months Ended
	Dec. 29, 2019 USD ($)
Nonvested Restricted Stock Awards and Performance Stock Units
Stock-Based Compensation
Reversal of share-based compensation expense	$ 0.5

SHARE-BASED COMPENSATION - Restricted Stock Awards - Additional Information (Details) - Restricted stock awards $ / shares in Units, $ in Millions	6 Months Ended
	Dec. 29, 2019 USD ($) $ / shares shares
Stock-Based Compensation
Stock awards granted	138,457
Weighted average grant date value \| $ / shares	$ 17.41
Unrecognized compensation expense \| $	$ 2.0
Weighted average period	1 year 10 months 24 days
Non-executive directors, officers and certain other key employees
Stock-Based Compensation
Stock awards granted	138,457
Officers and certain other key employees
Stock-Based Compensation
Vesting period (in years)	3 years
Non-executive directors
Stock-Based Compensation
Vesting period (in years)	1 year

LEASES - Summary of Company's Lease Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Jul. 01, 2019
Lease Assets
Operating lease assets	$ 861	$ 3,931
Lease Liabilities
Current operating lease liabilities	$ 332
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	mcft:AccruedExpensesAndOtherLiabilitiesCurrent
Non-current operating lease liabilities	$ 529	$ 3,384
Total lease liabilities	$ 861

ACQUISITION - Schedule of Pro Forma Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 30, 2018	Dec. 30, 2017
Pro Forma financial information
Net sales	$ 121,541	$ 236,175
Net income	$ 10,466	$ 20,179
Basic earnings per share	$ 0.56	$ 1.08
Diluted earnings per share	$ 0.56	$ 1.08

SEGMENT INFORMATION

6 Months Ended

Dec. 29, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION

12.SEGMENT INFORMATION

The Company designs, manufactures, and markets recreational performance sport boats, luxury day boats, and outboard boats under three operating and reportable segments: MasterCraft, NauticStar, and Crest. The Company’s segments are defined by the Company’s operational and reporting structures.

MasterCraft Segment

The MasterCraft segment produces boats under two product brands, MasterCraft and Aviara, at its Vonore, Tennessee facility. MasterCraft boats are premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating. Aviara boats are luxury day boats primarily used for general recreational boating. Production of Aviara boats began during the year ended June 30, 2019 and the Company began selling these boats in July 2019.

NauticStar Segment

The NauticStar segment produces boats at its Amory, Mississippi facility. NauticStar’s boats are primarily used for saltwater fishing and general recreational boating.

Crest Segment

The Crest segment produces pontoon boats at its Owosso, Michigan facility. Crest’s boats are primarily used for general recreational boating.

The following tables present financial information for the Company’s reportable segments for the three and six months ended December 29, 2019 and December 30, 2018 and total assets at December 29, 2019 and June 30, 2019.

	Three Months Ended December 29, 2019
	MasterCraft		NauticStar			Crest		Consolidated
Net sales	$	67,757	$	15,576		$	16,295	$	99,628
Operating income (loss)		10,600		(673	)		408		10,335
Depreciation and amortization		1,158		924			601		2,683
Purchases of property, plant and equipment		1,631		1,095			4,447		7,173

	Six Months Ended December 29, 2019
	MasterCraft		NauticStar			Crest^(a)		Consolidated
Net sales	$	140,670	$	33,571		$	35,176	$	209,417
Operating income (loss)		22,807		(646	)		871		23,032
Depreciation and amortization		2,177		1,725			1,151		5,053
Purchases of property, plant and equipment		4,365		1,914			5,212		11,491

	Three Months Ended December 30, 2018
	MasterCraft		NauticStar		Crest		Consolidated
Net sales	$	76,397	$	19,196		25,948	$	121,541
Operating income		11,415		1,072		2,235		14,722
Depreciation and amortization		732		654		537		1,923
Purchases of property, plant and equipment		1,737		823		37		2,597

	Six Months Ended December 30, 2018
	MasterCraft		NauticStar		Crest^(a)		Consolidated
Net sales	$	152,631	$	36,603	$	25,948	$	215,182
Operating income		22,944		1,153		2,235		26,332
Depreciation and amortization		1,537		1,285		537		3,359
Purchases of property, plant and equipment		4,472		1,513		37		6,022

(a)

Crest was acquired on October 1, 2018.

	December 29, 2019			June 30, 2019
Assets:
MasterCraft	$	272,620		$	273,046
NauticStar		52,175			52,761
Crest		84,036			85,979
Eliminations		(163,013	)		(163,013	)
Total assets	$	245,818		$	248,773

LEASES - Summary of Company's Total Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 29, 2019	Dec. 29, 2019
Lessee Lease Description [Line Items]
Total lease cost	$ 105	$ 305
Cost Of Sales
Lessee Lease Description [Line Items]
Operating lease cost	95	289
General And Administrative
Lessee Lease Description [Line Items]
Operating lease cost	$ 10	$ 16

LONG-TERM DEBT

6 Months Ended

Dec. 29, 2019

Debt Disclosure [Abstract]

LONG-TERM DEBT

7.LONG-TERM DEBT

Long-term debt is as follows:

	December 29,			June 30,
	2019			2019
Senior secured term loans	$	107,058		$	115,349
Debt issuance costs on term loans		(1,381	)		(1,608	)
Total debt		105,677			113,741
Less current portion of long-term debt		9,420			9,167
Less current portion of debt issuance costs on term loans		(426	)		(442	)
Long-term debt, net of current portion	$	96,683		$	105,016

On October 1, 2018, the Company entered into the Fourth Amended and Restated Credit and Guaranty Agreement with a syndicate of certain financial institutions (the “Fourth Amended Credit Agreement”). The Fourth Amended Credit Agreement replaced the Company’s Third Amended and Restated Credit Agreement, dated October 2, 2017. The Fourth Amended Credit Agreement provides the Company with a $190.0 million senior secured credit facility, consisting of a $75.0 million term loan, and an $80.0 million term loan (together, the “Term Loans”), and a $35.0 million revolving credit facility (the “Revolving Credit Facility”).

The Fourth Amended Credit Agreement bears interest, at the Company’s option, at either the prime rate plus an applicable margin ranging from 0.5% to 1.5% or at an adjusted LIBOR rate plus an applicable margin ranging from 1.5% to 2.5%, in each case based on the Company’s senior leverage ratio. Based on the Company’s senior leverage ratio as of December 29, 2019, the applicable margin for loans accruing interest at the prime rate is 0.75% and the applicable margin for loans accruing interest at LIBOR is 1.75%.

As of December 29, 2019, the Company had no borrowings outstanding on its $35.0 million Revolving Credit Facility. The Company’s unamortized debt issuance costs related to the Revolving Credit Facility were $0.4 million and $0.5 million as of December 29, 2019 and June 30, 2019, respectively. As of December 29, 2019, the Company was in compliance with its financial covenants under the Fourth Amended Credit Agreement.

ORGANIZATION, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Dec. 29, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Summary of Cumulative Effect of Changes Made to Company's Consolidated Balance Sheets	Error extracting Word contentThe cumulative effect of the changes made to the Company's consolidated balance sheet as of July 1, 2019 for the adoption of ASC 842 was as follows:

LEASES

6 Months Ended

Dec. 29, 2019

Leases [Abstract]

LEASES

8.LEASES

The Company has lease agreements for certain personal and real property. Leases with an initial lease term of 12 months or less are not recorded on the balance sheet. Our lease agreements do not include any significant renewal options. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Upon adoption of ASC 842 on July 1, 2019, the Company’s most significant lease was for the Crest Facility, which was classified as an operating lease. This lease included the Purchase Option for the Company to acquire the premises. During the three months ended September 29, 2019, the decision was made to exercise the Purchase Option which resulted in $2.8 million of operating lease assets and liabilities being reclassified to finance lease assets and liabilities on the September 29, 2019 condensed consolidated balance sheet. In addition, the decision to exercise the Purchase Option resulted in the remeasurement of the related lease balances which added $1.3 million of additional finance lease assets and finance lease liabilities to the September 29, 2019 condensed consolidated balance sheet.

In accordance with the Purchase Option, on October 24, 2019 the Company completed the purchase of the Crest Facility for $4.1 million. Upon completion of this purchase, the Company recognized approximately $4.1 million in Property, plant and equipment, net and derecognized approximately $4.1 million of both Finance lease assets and Accrued expenses and other current liabilities on the condensed consolidated balance sheet.

The purchase price of the Crest Facility was determined by appraisal and negotiation between the Company and Real Estate. The Company funded the purchase by utilizing cash from operations.

A summary of the Company's lease assets and lease liabilities as of December 29, 2019 is as follows:

		December 29,
	Classification	2019
Lease Assets
Operating lease assets	Operating lease assets	$	861

Lease Liabilities
Current operating lease liabilities	Accrued expenses and other current liabilities		332
Non-current operating lease liabilities	Operating lease liabilities		529
Total lease liabilities		$	861

A summary of the Company's total lease cost for the three and six months ended December 29, 2019 is as follows:

	Classification	Three Months Ended		Six Months Ended
Operating lease cost	Cost of sales	$	95	$	289
	General and administrative		10		16
Total lease cost^(a)		$	105	$	305

(a)

Includes total variable lease cost and total short-term lease cost, both of which were immaterial.

The Company's maturity analysis of its operating lease liabilities as of December 29, 2019 is as follows:

Remainder of 2020	$	183
2021		359
2022		298
2023		72
2024		1
Total lease payments		913
Less: Interest		(52	)
Present value of lease payments	$	861

The total weighted-average discount rate and remaining lease term for the Company's operating leases were 4.73% and 2.60 years, respectively, as of December 29, 2019. For the six months ended December 29, 2019, total operating cash flows related to operating leases were $0.3 million.

Future minimum rental payments under all non-cancelable operating leases with remaining lease terms in excess of one year at June 30, 2019, were as follows:

2020	$	703
2021		690
2022		628
2023		402
2024		402
Thereafter		1,806
Total	$	4,631

SHARE-BASED COMPENSATION - Components of Share-based Compensation Expense by Award Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Stock-Based Compensation
Share-based compensation expense	$ 32	$ 404	$ 544	$ 788
Restricted stock awards
Stock-Based Compensation
Share-based compensation expense	268	260	520	462
Performance stock units
Stock-Based Compensation
Share-based compensation expense	$ (236)	97	15	225
Stock options
Stock-Based Compensation
Share-based compensation expense		$ 47	$ 9	$ 101

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Schedule of Activity Related to Warranty Liabilities Recorded in Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 29, 2019	Dec. 30, 2018
Roll forward of the accrued warranty liability
Beginning balance	$ 17,205	$ 13,077
Provisions	3,858	3,621
Additions for Crest acquisition		681
Payments made	(4,332)	(3,657)
Aggregate changes for preexisting warranties	1,764	2,242
Ending balance	$ 18,495	$ 15,964

REVENUE RECOGNITION - Summary of Revenues From Contracts with Customers by Major Product Category and Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Revenue by Categories
Revenue	$ 99,628	$ 121,541	$ 209,417	$ 215,182
Boats and trailers
Revenue by Categories
Revenue	97,914	119,912	203,659	209,411
Parts
Revenue by Categories
Revenue	1,484	1,201	5,254	5,062
Other
Revenue by Categories
Revenue	230	428	504	709
MasterCraft
Revenue by Categories
Revenue	67,757	76,397	140,670	152,631
MasterCraft \| Boats and trailers
Revenue by Categories
Revenue	66,332	74,976	135,619	147,352
MasterCraft \| Parts
Revenue by Categories
Revenue	1,276	1,101	4,707	4,682
MasterCraft \| Other
Revenue by Categories
Revenue	149	320	344	597
NauticStar
Revenue by Categories
Revenue	15,576	19,196	33,571	36,603
NauticStar \| Boats and trailers
Revenue by Categories
Revenue	15,485	19,182	33,319	36,305
NauticStar \| Parts
Revenue by Categories
Revenue	87	14	246	294
NauticStar \| Other
Revenue by Categories
Revenue	4		6	4
Crest
Revenue by Categories
Revenue	16,295	25,948	35,176	25,948
Crest \| Boats and trailers
Revenue by Categories
Revenue	16,097	25,754	34,721	25,754
Crest \| Parts
Revenue by Categories
Revenue	121	86	301	86
Crest \| Other
Revenue by Categories
Revenue	$ 77	$ 108	$ 154	$ 108

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Carrying Amount of Other Intangible Assets, Net (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 29, 2019	Jun. 30, 2019
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortized intangible assets, Gross Amount	$ 39,745	$ 39,745
Amortized intangible assets, Accumulated Amortization / Impairment	(7,921)	(5,946)
Amortized intangible assets, Other intangible assets, net	31,824	33,799
Gross Amount	88,745	88,745
Accumulated Amortization / Impairment	(10,921)	(8,946)
Other intangible assets, net	77,824	79,799
Dealer network
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortized intangible assets, Gross Amount	39,500	39,500
Amortized intangible assets, Accumulated Amortization / Impairment	(7,860)	(5,909)
Amortized intangible assets, Other intangible assets, net	31,640	33,591
Software
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Amortized intangible assets, Gross Amount	245	245
Amortized intangible assets, Accumulated Amortization / Impairment	(61)	(37)
Amortized intangible assets, Other intangible assets, net	184	208
Trade names
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Unamortized intangible assets, Gross Amount	49,000	49,000
Unamortized intangible assets, Accumulated Amortization / Impairment	(3,000)	(3,000)
Unamortized intangible assets, Other intangible assets, net	$ 46,000	$ 46,000

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Dec. 29, 2019	Feb. 03, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 29, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	Mastercraft Boat Holdings, Inc.
Entity Central Index Key	0001638290
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		18,872,166
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Title of 12(b) Security	Common Stock
Trading Symbol	MCFT
Security Exchange Name	NASDAQ
Entity File Number	001-37502
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	06-1571747
Entity Address, Address Line One	100 Cherokee Cove Drive
Entity Address, City or Town	Vonore
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37885
City Area Code	423
Local Phone Number	884-2221
Document Quarterly Report	true
Document Transition Report	false

ACQUISITION (Tables)

6 Months Ended

Dec. 29, 2019

Business Combinations [Abstract]

Schedule of Pro Forma Financial Information

The unaudited pro forma financial results include certain adjustments for acquisition-related costs, debt service costs and additional amortization expense based upon definite-life amortizable assets acquired. The provision for income taxes has also been adjusted for all periods, based upon the foregoing adjustments to historical results.

	Three Months Ended		Six Months Ended
	December 30,		December 30,
	2018		2018
Net sales	$	121,541	$	236,175
Net income	$	10,466	$	20,179
Basic earnings per share	$	0.56	$	1.08
Diluted earnings per share	$	0.56	$	1.08

ORGANIZATION, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Dec. 29, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Organization

Organization — MasterCraft Boat Holdings, Inc. (“Holdings”) was formed on January 28, 2000, as a Delaware holding company and operates primarily through its wholly owned subsidiaries, MasterCraft Boat Company, LLC, MasterCraft Services, LLC, MasterCraft Parts, Ltd., and MasterCraft International Sales Administration, Inc. (collectively, “MasterCraft”); Nautic Star, LLC and NS Transport, LLC (collectively, “NauticStar”); and Crest Marine LLC (“Crest”). Holdings and its subsidiaries collectively are referred to herein as the “Company”.

The Company is a leading innovator, designer, manufacturer, and marketer of recreational powerboats that operates in three reportable segments: MasterCraft, NauticStar and Crest. See Note 12 for information regarding the Company’s reportable segments.

Fiscal Period

The Company’s fiscal year begins July 1 and ends June 30, with the interim quarterly reporting periods consisting of 13 weeks. Therefore, the fiscal quarter end will not always coincide with the date of the end of a calendar month.

Principles of Consolidation

The unaudited condensed consolidated financial statements have been prepared on the same basis as the Company’s audited consolidated financial statements for the year ended June 30, 2019 and, in the opinion of management, reflect all adjustments considered necessary to present fairly the Company’s financial position as of December 29, 2019, its results of operations for the three and six months ended December 29, 2019 and December 30, 2018, its cash flows for the six months ended December 29, 2019 and December 30, 2018, and its statements of stockholders’ equity for the three and six months ended December 29, 2019 and December 30, 2018. All adjustments are of a normal, recurring nature. Certain information and footnote disclosures normally included in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) for financial information have been condensed or omitted pursuant to such rules and regulations. The June 30, 2019 condensed consolidated balance sheet data was derived from the audited financial statements but does not include all disclosures required by U.S. GAAP for complete financial statements. However, management believes that the disclosures in these condensed consolidated financial statements are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2019, which was filed with the SEC on September 13, 2019.

Basis of Accounting

Due to the seasonality of the Company’s business, the interim results are not necessarily indicative of the results that may be expected for the remainder of the fiscal year.

New Accounting Pronouncements Issued, Adopted and Not Yet Adopted

Recently Adopted Accounting Standards

Leases

In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, Leases, (“ASC 842”) which requires lessees to recognize assets and liabilities on the balance sheet for all leases with terms greater than twelve months. On July 1, 2019, the Company adopted ASC 842 and all related amendments. The Company elected the optional transition method provided by the FASB in ASU 2018-11, Leases (Topic 842): Targeted Improvements, and as a result, has not restated its condensed consolidated financial statements for prior periods presented. The Company has elected the package of practical expedients upon transition which allowed the Company to retain the lease classification for any leases that existed prior to adoption, to not reassess whether any contracts entered into prior to adoption are leases, and to not reassess initial direct costs for any leases that existed prior to adoption.

ASC 842 did not have a material impact on the Company's condensed consolidated statements of operations. The cumulative effect of the changes made to the Company's consolidated balance sheet as of July 1, 2019 for the adoption of ASC 842 was as follows:

	Balance as of		Adjustments		Balance as of
	June 30, 2019		Due to ASC 842		July 1, 2019
Assets
Operating lease assets	$	-	$	3,931	$	3,931

Current liabilities
Accrued expenses and other current liabilities		41,421		547		41,968

Long-term liabilities
Operating lease liabilities		-		3,384		3,384

The Company determines if an arrangement is a lease at lease inception. Operating lease right-of-use (“ROU”) assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. As the Company's lease contracts generally do not include an implicit rate, the Company uses its incremental borrowing rate based on information available at commencement date in determining the present value of future payments. The incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located. The operating lease ROU asset also includes any initial direct costs and lease payments made prior to lease commencement, and excludes lease incentives incurred.

The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Operating lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The Company may enter into lease agreements that contain both lease and non-lease components, which it has elected to account for as a single lease component for all asset classes. See Note 8 for information regarding the Company’s leases.

Share-Based Compensation

In June 2018, the Financial Accounting Standards Board issued ASU 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. This guidance provides clarity and reduces complexity when applying the guidance in Topic 718, Compensation—Stock Compensation to the term or condition of share-based payments to nonemployees. ASU 2018-07 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2018. The Company adopted this guidance for its fiscal year beginning July 1, 2019. The adoption of this standard did not have a material impact on its financial statements.

Recently Issued Accounting Standards

Fair Value Measurements

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. This guidance modifies the disclosure requirements on fair value measurements in Topic 820 by removing disclosures regarding transfers between Level 1 and Level 2 of the fair value hierarchy, by modifying the measurement uncertainty disclosure, and by requiring additional disclosures for Level 3 fair value measurements, among others. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company does not expect the adoption of this new guidance to have a material impact on its financial statements.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 29, 2019	Jun. 30, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 5,448	$ 5,826
Accounts receivable, net of allowances of $193 and $281, respectively	4,383	12,463
Income tax receivable	1,762	951
Inventories, net (Note 4)	29,486	30,660
Prepaid expenses and other current assets	4,259	4,464
Total current assets	45,338	54,364
Property, plant and equipment, net	41,562	33,636
Goodwill (Note 6)	74,030	74,030
Other intangible assets, net (Note 6)	77,824	79,799
Deferred income taxes	5,559	6,240
Deferred debt issuance costs, net	398	451
Operating lease assets (Note 8)	861
Other long-term assets	246	253
Total assets	245,818	248,773
CURRENT LIABILITIES:
Accounts payable	9,637	17,974
Income tax payable		426
Accrued expenses and other current liabilities (Note 5)	38,803	41,421
Current portion of long-term debt, net of unamortized debt issuance costs (Note 7)	8,994	8,725
Total current liabilities	57,434	68,546
Long-term debt, net of unamortized debt issuance costs (Note 7)	96,683	105,016
Operating lease liabilities (Note 8)	529
Unrecognized tax positions	3,262	2,895
Total liabilities	157,908	176,457
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock, $.01 par value per share — authorized, 100,000,000 shares; issued and outstanding, 18,872,166 shares at December 29, 2019 and 18,764,037 shares at June 30, 2019	189	188
Additional paid-in capital	115,673	115,582
Accumulated deficit	(27,952)	(43,454)
Total stockholders' equity	87,910	72,316
Total liabilities and stockholders' equity	$ 245,818	$ 248,773

ORGANIZATION, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Dec. 29, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

ORGANIZATION, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES

1.ORGANIZATION, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation — The Company’s fiscal year begins July 1 and ends June 30, with the interim quarterly reporting periods consisting of 13 weeks. Therefore, the fiscal quarter end will not always coincide with the date of the end of a calendar month.

Due to the seasonality of the Company’s business, the interim results are not necessarily indicative of the results that may be expected for the remainder of the fiscal year.

With the exception of Accounting Standards Codification (“ASC”) 842 discussed below, there were no significant changes in or changes in the application of the Company’s significant or critical accounting policies or estimation procedures for the six months ended December 29, 2019 as compared with the significant accounting policies described in the Company’s audited consolidated financial statements for the fiscal year ended June 30, 2019.

Recently Adopted Accounting Standards

Leases

	Balance as of		Adjustments		Balance as of
	June 30, 2019		Due to ASC 842		July 1, 2019
Assets
Operating lease assets	$	-	$	3,931	$	3,931

Current liabilities
Accrued expenses and other current liabilities		41,421		547		41,968

Long-term liabilities
Operating lease liabilities		-		3,384		3,384

Share-Based Compensation

Recently Issued Accounting Standards

Fair Value Measurements

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Jul. 01, 2019	Jun. 30, 2019
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Warranty	$ 18,495		$ 17,205
Dealer incentives	8,643		12,623
Floor plan interest	3,506		2,060
Compensation and related accruals	1,854		3,494
Inventory repurchase contingent obligation	1,503		1,936
Self-insurance	861		606
Debt interest	631		405
Current operating lease liabilities	332
Other	2,978		3,092
Total accrued expenses and other current liabilities	$ 38,803	$ 41,968	$ 41,421

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

6 Months Ended

Dec. 29, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Carrying Amounts of Goodwill

The carrying amounts of goodwill as of December 29, 2019 and June 30, 2019, attributable to each of the Company’s reportable segments, were as follows:

	Gross Amount		Accumulated Impairment Losses			Total
MasterCraft	$	29,593	$	-		$	29,593
NauticStar		36,199		(28,000	)		8,199
Crest		36,238		-			36,238
Total	$	102,030	$	(28,000	)	$	74,030

Schedule of Carrying Amount of Other Intangible Assets, Net

The following table presents the carrying amount of Other intangible assets, net as of December 29, 2019 and June 30, 2019.

	December 29,							June 30,
	2019							2019
	Gross Amount		Accumulated Amortization / Impairment			Other intangible assets, net		Gross Amount		Accumulated Amortization / Impairment			Other intangible assets, net
Amortized intangible assets
Dealer networks	$	39,500	$	(7,860	)	$	31,640	$	39,500	$	(5,909	)	$	33,591
Software		245		(61	)		184		245		(37	)		208
		39,745		(7,921	)		31,824		39,745		(5,946	)		33,799

Unamortized intangible assets
Trade names		49,000		(3,000	)		46,000		49,000		(3,000	)		46,000
Total other intangible assets	$	88,745	$	(10,921	)	$	77,824	$	88,745	$	(8,946	)	$	79,799

ORGANIZATION, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES - Summary of Cumulative Effect of Changes Made to Company's Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Jul. 01, 2019	Jun. 30, 2019
ASSETS
Operating lease assets (Note 8)	$ 861	$ 3,931
CURRENT LIABILITIES:
Accrued expenses and other current liabilities (Note 5)	38,803	41,968	$ 41,421
Long-term liabilities
Operating lease liabilities (Note 8)	$ 529	3,384
ASC 842
CURRENT LIABILITIES:
Accrued expenses and other current liabilities (Note 5)			$ 41,421
ASC 842 \| Adjustments Due to ASC 842
ASSETS
Operating lease assets (Note 8)		3,931
CURRENT LIABILITIES:
Accrued expenses and other current liabilities (Note 5)		547
Long-term liabilities
Operating lease liabilities (Note 8)		$ 3,384

SHARE-BASED COMPENSATION

6 Months Ended

Dec. 29, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

SHARE-BASED COMPENSATION

11.	SHARE-BASED COMPENSATION

The following table presents the components of share-based compensation expense by award type.

	Three Months Ended					Six Months Ended
	December 29,			December 30,		December 29,		December 30,
	2019			2018		2019		2018
Restricted stock awards	$	268		$	260	$	520	$	462
Performance stock units		(236	)		97		15		225
Stock options		-			47		9		101
Share-based compensation expense	$	32		$	404	$	544	$	788

Forfeiture of Equity Awards

In conjunction with the resignation of an executive officer in October 2019, aproximately $0.5 million of share-based compensation expense was reversed during the three months ended December 29, 2019 for nonvested Restricted Stock Awards (“RSAs”) and Performance Stock Units (“PSUs”) that were forfeited.

Restricted Stock Awards

During the six months ended December 29, 2019, the Company granted 138,457 RSAs to the Company’s non-executive directors, officers and certain other key employees. Generally, the shares of restricted stock granted during the six months ended December 29, 2019, vest pro-rata over three years for officers and certain other key employees and over one year for non-executive directors. The Company determined the fair value of the shares awarded by using the close price of our common stock as of the date of grant. The weighted average grant date fair value of RSAs granted in the six months ended December 29, 2019, was $17.41 per share.

The following table summarizes the status of nonvested RSAs as of December 29, 2019, and changes during the six months then ended.

				Average
	Nonvested			Grant-Date
	Restricted			Fair Value
	Shares			(per share)
Nonvested at June 30, 2019		53,804		$	22.94
Granted		138,457			17.41
Vested		(24,694	)		20.84
Forfeited		(34,797	)		20.24
Nonvested at December 29, 2019		132,770			18.28

As of December 29, 2019, there was $2.0 million of total unrecognized compensation expense related to nonvested RSAs. The Company expects this expense to be recognized over a weighted average period of 1.9 years.

Performance Stock Units

PSUs are a form of long-term incentive compensation awarded to executive officers and certain other key employees designed to directly align the interests of employees to the interests of the Company’s stockholders, and to create long-term stockholder value. The awards will be earned based on the Company’s achievement of certain performance criteria over a three-year performance period. The performance period for the awards commences on July 1 of the fiscal year in which they were granted and continue for a three-year period, ending on June 30 of the applicable year. The probability of achieving the performance criteria is assessed quarterly. Following the determination of the Company’s achievement with respect to the performance criteria, the amount of shares awarded is subject to further adjustment based on the application of a total shareholder return (“TSR”) modifier. The grant date fair value is determined based on both the assessment of the probability of the Company’s achieving the performance criteria and an estimate of the expected TSR modifier. The TSR modifier estimate is determined using a Monte Carlo Simulation model, which considers the likelihood of numerous possible outcomes of long-term market performance. Compensation expense related to nonvested PSUs is recognized ratably over the performance period.

The following table summarizes the status of nonvested PSUs as of December 29, 2019, and changes during the six months then ended.

				Average
	Nonvested			Grant-Date
	Performance			Fair Value
	Stock Units			(per share)
Nonvested at June 30, 2019		50,621		$	23.34
Granted		72,048			18.13
Vested		-			-
Forfeited		(46,882	)		20.82
Nonvested at December 29, 2019		75,787			19.95

As of December 29, 2019, there was $1.1 million of total unrecognized compensation expense related to nonvested PSUs. The Company expects this expense to be recognized over a weighted average period of 2.2 years.

LONG-TERM DEBT (Tables)

6 Months Ended

Dec. 29, 2019

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt is as follows:

	December 29,			June 30,
	2019			2019
Senior secured term loans	$	107,058		$	115,349
Debt issuance costs on term loans		(1,381	)		(1,608	)
Total debt		105,677			113,741
Less current portion of long-term debt		9,420			9,167
Less current portion of debt issuance costs on term loans		(426	)		(442	)
Long-term debt, net of current portion	$	96,683		$	105,016

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

EARNINGS PER SHARE

6 Months Ended

Dec. 29, 2019

Earnings Per Share [Abstract]

EARNINGS PER SHARE

10.	EARNINGS PER SHARE

The following table sets forth the computation of the Company’s earnings per share:

	Three Months Ended				Six Months Ended
	December 29,		December 30,		December 29,		December 30,
	2019		2018		2019		2018
Net income	$	6,879	$	10,188	$	15,502	$	18,652
Weighted average shares — basic		18,730,688		18,653,111		18,727,267		18,649,575
Dilutive effect of assumed exercises of stock options		22,629		50,261		25,052		51,307
Dilutive effect of assumed restricted share awards/units		17,466		68,950		18,451		69,661
Weighted average outstanding shares — diluted		18,770,783		18,772,322		18,770,770		18,770,543
Basic earnings per share	$	0.37	$	0.55	$	0.83	$	1.00
Diluted earnings per share	$	0.37	$	0.54	$	0.83	$	0.99

For the three and six months ended December 29, 2019 and December 30, 2018, the weighted average shares that were anti-dilutive, and therefore excluded from the computation of diluted earnings per share, included:

	Three Months Ended				Six Months Ended
	December 29,		December 30,		December 29,		December 30,
	2019		2018		2019		2018
Restricted stock awards		69,199		2,925		47,791		775
Performance stock units		48,709		1,559		56,310		775

REVENUE RECOGNITION (Tables)

6 Months Ended

Dec. 29, 2019

Revenue From Contract With Customer [Abstract]

Summary of Revenues from Contracts with Customers by Major Product Category and Reportable Segment

The following tables present the Company’s revenue from contracts with customers by major product category and reportable segment.

	Three Months Ended December 29, 2019
	MasterCraft		NauticStar		Crest		Total
Major Product Categories:
Boats and trailers	$	66,332	$	15,485	$	16,097	$	97,914
Parts		1,276		87		121		1,484
Other revenue		149		4		77		230
Total	$	67,757	$	15,576	$	16,295	$	99,628

	Six Months Ended December 29, 2019
	MasterCraft		NauticStar		Crest^(a)		Total
Major Product Categories:
Boats and trailers	$	135,619	$	33,319	$	34,721	$	203,659
Parts		4,707		246		301		5,254
Other revenue		344		6		154		504
Total	$	140,670	$	33,571	$	35,176	$	209,417

	Three Months Ended December 30, 2018
	MasterCraft		NauticStar		Crest		Total
Major Product Categories:
Boats and trailers	$	74,976	$	19,182	$	25,754	$	119,912
Parts		1,101		14		86		1,201
Other revenue		320		—		108		428
Total	$	76,397	$	19,196	$	25,948	$	121,541

	Six Months Ended December 30, 2018
	MasterCraft		NauticStar		Crest^(a)		Total
Major Product Categories:
Boats and trailers	$	147,352	$	36,305	$	25,754	$	209,411
Parts		4,682		294		86		5,062
Other revenue		597		4		108		709
Total	$	152,631	$	36,603	$	25,948	$	215,182

(a)

Crest was acquired on October 1, 2018.

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 29, 2019	Jun. 30, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts	$ 193	$ 281
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized shares	100,000,000	100,000,000
Common stock, issued shares	18,872,166	18,764,037
Common stock, outstanding shares	18,872,166	18,764,037

SHARE-BASED COMPENSATION - Performance Stock Units - Additional Information (Details) - Performance stock units $ in Millions	6 Months Ended
	Dec. 29, 2019 USD ($)
Stock-Based Compensation
Unrecognized compensation expense	$ 1.1
Weighted average period	2 years 2 months 12 days
Executive officers and certain other key employees
Stock-Based Compensation
Vesting period (in years)	3 years

ACQUISITION

6 Months Ended

Dec. 29, 2019

Business Combinations [Abstract]

ACQUISITION

13.ACQUISITION

On October 1, 2018, we acquired Crest, a manufacturer of pontoon boats. For accounting purposes, Crest meets the definition of a business and has been accounted for as a business combination. We finalized the purchase price allocation and recorded measurement period adjustments to the initial allocation as disclosed in the notes to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2019, filed with the SEC on September 13, 2019. Beginning October 1, 2018, our consolidated results of operations include the results of Crest.

The unaudited pro forma financial results shown in the table below for the three and six months ended December 30, 2018, combine the consolidated results of the Company and Crest giving effect to the Crest acquisition as if it had been completed on July 1, 2017. The unaudited pro forma financial results do not give effect to any of our other acquisition activity that occurred after July 1, 2017, and do not include any anticipated synergies or other assumed benefits of the Crest acquisition. This unaudited pro forma financial information is presented for informational purposes only and is not indicative of future operations or results had the Crest acquisition been completed as of July 1, 2017. The unaudited pro forma financial results include certain adjustments for acquisition-related costs, debt service costs and additional amortization expense based upon definite-life amortizable assets acquired. The provision for income taxes has also been adjusted for all periods, based upon the foregoing adjustments to historical results.

	Three Months Ended		Six Months Ended
	December 30,		December 30,
	2018		2018
Net sales	$	121,541	$	236,175
Net income	$	10,466	$	20,179
Basic earnings per share	$	0.56	$	1.08
Diluted earnings per share	$	0.56	$	1.08

SEGMENT INFORMATION - Additional Information (Details)	6 Months Ended
SEGMENT INFORMATION - Additional Information (Details)	Dec. 29, 2019 segment
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	3

EARNINGS PER SHARE (Tables)

6 Months Ended

Dec. 29, 2019

Earnings Per Share [Abstract]

Factors Used in Earnings Per Share Computation

The following table sets forth the computation of the Company’s earnings per share:

	Three Months Ended				Six Months Ended
	December 29,		December 30,		December 29,		December 30,
	2019		2018		2019		2018
Net income	$	6,879	$	10,188	$	15,502	$	18,652
Weighted average shares — basic		18,730,688		18,653,111		18,727,267		18,649,575
Dilutive effect of assumed exercises of stock options		22,629		50,261		25,052		51,307
Dilutive effect of assumed restricted share awards/units		17,466		68,950		18,451		69,661
Weighted average outstanding shares — diluted		18,770,783		18,772,322		18,770,770		18,770,543
Basic earnings per share	$	0.37	$	0.55	$	0.83	$	1.00
Diluted earnings per share	$	0.37	$	0.54	$	0.83	$	0.99

Schedule of Antidilutive Weighted Average Shares Excluded from Computation of Diluted Earnings Per Share

	Three Months Ended				Six Months Ended
	December 29,		December 30,		December 29,		December 30,
	2019		2018		2019		2018
Restricted stock awards		69,199		2,925		47,791		775
Performance stock units		48,709		1,559		56,310		775

RELATED PARTY TRANSACTIONS

6 Months Ended

Dec. 29, 2019

Related Party Transactions

3.	RELATED PARTY TRANSACTIONS

Crest Facility Lease

In connection with the operations of Crest, the Company made rental payments to Crest Marine Real Estate LLC (“Real Estate”) for a manufacturing facility, storage and office building (the “Crest Facility”). One of the minority owners of Real Estate is a member of the Crest management team. The lease was to expire on September 30, 2028, and was subject to four consecutive, five-year renewal periods. The lease terms included an option for the Company to purchase the Crest Facility for an amount equal to its fair market value, as determined by appraisals and negotiation between the Company and Real Estate (the “Purchase Option”). The annual rent under the lease was $0.3 million for the first five years of the lease term, and was to increase to $0.4 million for the remaining five years. Additionally, at the beginning of each of the optional renewal terms the rent was to be adjusted based on the change in the Consumer Price Index. In accordance with the Purchase Option, on October 24, 2019 the Company purchased the Crest Facility for $4.1 million. See Note 8 for additional information regarding the purchase.

Crest Supplier Relationship

Crest purchases fiberglass component parts from a supplier whose minority owner is the same member of the Crest management team that has a minority ownership interest in Real Estate. During the three and six months ended December 29, 2019, the Company purchased $0.8 million and $1.6 million, respectively, of products from the supplier. As of December 29, 2019 and June 30, 2019, the outstanding balance due to the supplier was $0.1 million.

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

6 Months Ended

Dec. 29, 2019

Accrued Liabilities And Other Liabilities [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

5.	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following:

	December 29,		June 30,
	2019		2019
Warranty	$	18,495	$	17,205
Dealer incentives		8,643		12,623
Floor plan interest		3,506		2,060
Compensation and related accruals		1,854		3,494
Inventory repurchase contingent obligation		1,503		1,936
Self-insurance		861		606
Debt interest		631		405
Current operating lease liabilities		332		—
Other		2,978		3,092
Total accrued expenses and other current liabilities	$	38,803	$	41,421

The following activity related to warranty liabilities was recorded in Accrued expenses and other current liabilities during the six months ended December 29, 2019 and December 30, 2018:

	Six Months Ended
	December 29,			December 30,
	2019			2018
Balance at the beginning of the period	$	17,205		$	13,077
Provisions		3,858			3,621
Additions for Crest acquisition		—			681
Payments made		(4,332	)		(3,657	)
Aggregate changes for preexisting warranties		1,764			2,242
Balance at the end of the period	$	18,495		$	15,964

SHARE-BASED COMPENSATION - Summary of Status of Nonvested Performance Stock Units and Changes (Details) - Performance stock units	6 Months Ended
	Dec. 29, 2019 $ / shares shares
Nonvested Performance Stock Units
Nonvested at beginning of period \| shares	50,621
Granted \| shares	72,048
Forfeited \| shares	(46,882)
Nonvested at end of period \| shares	75,787
Average Grant-Date Fair Value (Per share)
Nonvested at beginning of period \| $ / shares	$ 23.34
Granted \| $ / shares	18.13
Forfeited \| $ / shares	20.82
Nonvested at end of period \| $ / shares	$ 19.95

LEASES - Additional Information (Details) - USD ($) $ in Thousands		6 Months Ended
	Oct. 24, 2019	Dec. 29, 2019	Sep. 29, 2019	Jul. 01, 2019
Lessee Lease Description [Line Items]
Reclassification from operating lease assets to finance lease assets due to exercise of purchase option			$ 2,800
Reclassification from operating lease liabilities to finance lease liabilities due to exercise of purchase option			2,800
Additional finance lease assets due to exercise of purchase option			1,300
Additional finance lease liabilities due to exercise of purchase option			$ 1,300
Operating lease assets, recognized		$ 861		$ 3,931
Weighted-average discount rate, operating lease		4.73%
Weighted-average remaining lease term, operating lease		2 years 7 months 6 days
Total operating cash flows from operating leases		$ 300
Crest Facility
Lessee Lease Description [Line Items]
Purchase of facility	$ 4,100
Finance lease assets, derecognized	4,100
Crest Facility \| Property, Plant and Equipment
Lessee Lease Description [Line Items]
Operating lease assets, recognized	4,100
Crest Facility \| Accrued Expenses and Other Current Liabilities
Lessee Lease Description [Line Items]
Finance lease liability, derecognized	$ 4,100

SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Dec. 29, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Components of Share-based Compensation Expense by Award Type

The following table presents the components of share-based compensation expense by award type.

	Three Months Ended					Six Months Ended
	December 29,			December 30,		December 29,		December 30,
	2019			2018		2019		2018
Restricted stock awards	$	268		$	260	$	520	$	462
Performance stock units		(236	)		97		15		225
Stock options		-			47		9		101
Share-based compensation expense	$	32		$	404	$	544	$	788

Summary of Status of Nonvested Restricted Stock Awards and Changes

The following table summarizes the status of nonvested RSAs as of December 29, 2019, and changes during the six months then ended.

				Average
	Nonvested			Grant-Date
	Restricted			Fair Value
	Shares			(per share)
Nonvested at June 30, 2019		53,804		$	22.94
Granted		138,457			17.41
Vested		(24,694	)		20.84
Forfeited		(34,797	)		20.24
Nonvested at December 29, 2019		132,770			18.28

Summary of Status of Nonvested Performance Stock Units and Changes

The following table summarizes the status of nonvested PSUs as of December 29, 2019, and changes during the six months then ended.

				Average
	Nonvested			Grant-Date
	Performance			Fair Value
	Stock Units			(per share)
Nonvested at June 30, 2019		50,621		$	23.34
Granted		72,048			18.13
Vested		-			-
Forfeited		(46,882	)		20.82
Nonvested at December 29, 2019		75,787			19.95

SHARE-BASED COMPENSATION - Summary of Status of Nonvested Restricted Stock Awards and Changes (Details) - Restricted stock awards	6 Months Ended
	Dec. 29, 2019 $ / shares shares
Nonvested Restricted Shares
Nonvested at beginning of period \| shares	53,804
Granted \| shares	138,457
Vested \| shares	(24,694)
Forfeited \| shares	(34,797)
Nonvested at end of period \| shares	132,770
Average Grant-Date Fair Value (Per share)
Nonvested at beginning of period \| $ / shares	$ 22.94
Granted \| $ / shares	17.41
Vested \| $ / shares	20.84
Forfeited \| $ / shares	20.24
Nonvested at end of period \| $ / shares	$ 18.28

LEASES (Tables)

6 Months Ended

Dec. 29, 2019

Leases [Abstract]

Summary of Company's Lease Assets and Lease Liabilities

A summary of the Company's lease assets and lease liabilities as of December 29, 2019 is as follows:

		December 29,
	Classification	2019
Lease Assets
Operating lease assets	Operating lease assets	$	861

Lease Liabilities
Current operating lease liabilities	Accrued expenses and other current liabilities		332
Non-current operating lease liabilities	Operating lease liabilities		529
Total lease liabilities		$	861

Summary of Company's Total Lease Cost

A summary of the Company's total lease cost for the three and six months ended December 29, 2019 is as follows:

	Classification	Three Months Ended		Six Months Ended
Operating lease cost	Cost of sales	$	95	$	289
	General and administrative		10		16
Total lease cost^(a)		$	105	$	305

(a)

Includes total variable lease cost and total short-term lease cost, both of which were immaterial.

Summary of Company's Maturity Analysis of Operating Lease Liabilities

The Company's maturity analysis of its operating lease liabilities as of December 29, 2019 is as follows:

Remainder of 2020	$	183
2021		359
2022		298
2023		72
2024		1
Total lease payments		913
Less: Interest		(52	)
Present value of lease payments	$	861

Future Minimum Rental Payments Under All Non-cancelable Operating Leases

Future minimum rental payments under all non-cancelable operating leases with remaining lease terms in excess of one year at June 30, 2019, were as follows:

2020	$	703
2021		690
2022		628
2023		402
2024		402
Thereafter		1,806
Total	$	4,631

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 29, 2019	Dec. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 15,502	$ 18,652
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,053	3,359
Noncash lease expense	233
Inventory obsolescence reserve	224	164
Amortization of debt issuance costs	282	268
Share-based compensation	544	788
Change in interest rate cap fair value	49	184
Unrecognized tax benefits	367	312
Deferred income taxes	681	488
Net provision for doubtful accounts	(87)	113
(Gain) loss on disposal of fixed assets	(11)	8
Changes in operating assets and liabilities:
Accounts receivable	8,167	4,280
Inventories	950	2,546
Prepaid expenses and other current assets	156	(210)
Income tax receivable and payable, net	(1,237)	(1,762)
Other assets	7
Accounts payable	(7,856)	(6,512)
Accrued expenses and other current liabilities	(2,957)	5,183
Operating lease liabilities	(223)
Net cash provided by operating activities	19,844	27,861
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for acquisitions, net of cash acquired		(81,729)
Purchases of property, plant and equipment	(11,491)	(6,022)
Proceeds from disposal of property, plant and equipment	14	5
Net cash used in investing activities	(11,477)	(87,746)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt		80,000
Principal payments on long-term debt	(8,292)	(8,656)
Payments of debt issuance costs		(728)
Cash paid for withholding taxes on vested stock	(453)	(146)
Net cash provided by (used in) financing activities	(8,745)	70,470
NET CHANGE IN CASH AND CASH EQUIVALENTS	(378)	10,585
CASH AND CASH EQUIVALENTS — BEGINNING OF PERIOD	5,826	7,909
CASH AND CASH EQUIVALENTS — END OF PERIOD	5,448	18,494
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash payments for interest	2,025	1,146
Cash payments for income taxes	5,376	5,679
SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:
Capital expenditures in accounts payable and accrued expenses	$ 427	$ 390

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Carrying Amounts of Goodwill (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Jun. 30, 2019
Goodwill [Line Items]
Gross Amount	$ 102,030
Accumulated Impairment Losses	(28,000)
Total	74,030	$ 74,030
MasterCraft
Goodwill [Line Items]
Gross Amount	29,593
Total	29,593
NauticStar
Goodwill [Line Items]
Gross Amount	36,199
Accumulated Impairment Losses	(28,000)
Total	8,199
Crest
Goodwill [Line Items]
Gross Amount	36,238
Total	$ 36,238

ORGANIZATION, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)	6 Months Ended
	Dec. 29, 2019 segment
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of reportable segments	3
Lessee operating lease existence of option to extend [true false]	true
Lessee, operating Lease, existence of option to terminate [true false]	true
Lessee, operating Lease, option to extend or terminate	The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option.

GOODWILL AND OTHER INTANGIBLE ASSETS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Dec. 29, 2019	Jun. 30, 2019	Dec. 30, 2018	Dec. 29, 2019	Jun. 30, 2019	Dec. 30, 2018
Goodwill [Line Items]
Amortization of other intangible assets	$ 1,000		$ 1,000	$ 2,000		$ 1,500
Estimated amortization expense June 30,2020	$ 4,000			4,000
Trade names
Goodwill [Line Items]
Impairment				$ 3,000	$ 3,000
NauticStar
Goodwill [Line Items]
Goodwill impairment charge		$ 28,000
NauticStar \| Trade names
Goodwill [Line Items]
Impairment		$ 3,000

RELATED PARTY TRANSACTIONS - Additional Information (Details) - Crest $ in Millions		3 Months Ended	6 Months Ended
	Oct. 24, 2019 USD ($)	Dec. 29, 2019 USD ($)	Dec. 29, 2019 USD ($) item	Jun. 30, 2019 USD ($)
Lease Agreement
Lease expiration date			Sep. 30, 2028
Number of consecutive lease renewal available \| item			4
Term of renewal		5 years	5 years
Annual rent, first five years			$ 0.3
Annual rent, remaining five years			0.4
Facility purchased under Purchase Option	$ 4.1
Parts Supplier
Lease Agreement
Product purchases		$ 0.8	1.6
Outstanding balance due		$ 0.1	$ 0.1	$ 0.1

INCOME TAXES - Additional Information (Details)	3 Months Ended		6 Months Ended
INCOME TAXES - Additional Information (Details)	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018
Income Tax Disclosure [Abstract]
Effective tax rates	24.40%	19.70%	24.20%	20.20%
Statutory income tax rate			21.00%

SEGMENT INFORMATION - Schedule of Operating Information for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 29, 2019	Dec. 30, 2018	Dec. 29, 2019	Dec. 30, 2018	Jun. 30, 2019
Segment Reporting Information [Line Items]
Net sales	$ 99,628	$ 121,541	$ 209,417	$ 215,182
Operating income (loss)	10,335	14,722	23,032	26,332
Depreciation and amortization	2,683	1,923	5,053	3,359
Purchases of property, plant and equipment	7,173	2,597	11,491	6,022
Total assets	245,818		245,818		$ 248,773
Eliminations
Segment Reporting Information [Line Items]
Total assets	(163,013)		(163,013)		(163,013)
MasterCraft
Segment Reporting Information [Line Items]
Net sales	67,757	76,397	140,670	152,631
Operating income (loss)	10,600	11,415	22,807	22,944
Depreciation and amortization	1,158	732	2,177	1,537
Purchases of property, plant and equipment	1,631	1,737	4,365	4,472
MasterCraft \| Operating Segments
Segment Reporting Information [Line Items]
Total assets	272,620		272,620		273,046
NauticStar
Segment Reporting Information [Line Items]
Net sales	15,576	19,196	33,571	36,603
Operating income (loss)	(673)	1,072	(646)	1,153
Depreciation and amortization	924	654	1,725	1,285
Purchases of property, plant and equipment	1,095	823	1,914	1,513
NauticStar \| Operating Segments
Segment Reporting Information [Line Items]
Total assets	52,175		52,175		52,761
Crest
Segment Reporting Information [Line Items]
Net sales	16,295	25,948	35,176	25,948
Operating income (loss)	408	2,235	871	2,235
Depreciation and amortization	601	537	1,151	537
Purchases of property, plant and equipment	4,447	$ 37	5,212	$ 37
Crest \| Operating Segments
Segment Reporting Information [Line Items]
Total assets	$ 84,036		$ 84,036		$ 85,979

INVENTORIES

6 Months Ended

Dec. 29, 2019

Inventory Disclosure [Abstract]

INVENTORIES

4.	INVENTORIES

Inventories consisted of the following:

	December 29,			June 30,
	2019			2019
Raw materials and supplies	$	19,511		$	20,034
Work in process		4,918			4,571
Finished goods		6,433			7,207
Obsolescence reserve		(1,376	)		(1,152	)
Total inventories	$	29,486		$	30,660

INVENTORIES - Schedule of Inventories (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Jun. 30, 2019
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 19,511	$ 20,034
Work in process	4,918	4,571
Finished goods	6,433	7,207
Obsolescence reserve	(1,376)	(1,152)
Total inventories	$ 29,486	$ 30,660

SEGMENT INFORMATION (Tables)

6 Months Ended

Dec. 29, 2019

Segment Reporting [Abstract]

Schedule of Operating Information for Reportable Segments

	Three Months Ended December 29, 2019
	MasterCraft		NauticStar			Crest		Consolidated
Net sales	$	67,757	$	15,576		$	16,295	$	99,628
Operating income (loss)		10,600		(673	)		408		10,335
Depreciation and amortization		1,158		924			601		2,683
Purchases of property, plant and equipment		1,631		1,095			4,447		7,173

	Six Months Ended December 29, 2019
	MasterCraft		NauticStar			Crest^(a)		Consolidated
Net sales	$	140,670	$	33,571		$	35,176	$	209,417
Operating income (loss)		22,807		(646	)		871		23,032
Depreciation and amortization		2,177		1,725			1,151		5,053
Purchases of property, plant and equipment		4,365		1,914			5,212		11,491

	Three Months Ended December 30, 2018
	MasterCraft		NauticStar		Crest		Consolidated
Net sales	$	76,397	$	19,196		25,948	$	121,541
Operating income		11,415		1,072		2,235		14,722
Depreciation and amortization		732		654		537		1,923
Purchases of property, plant and equipment		1,737		823		37		2,597

	Six Months Ended December 30, 2018
	MasterCraft		NauticStar		Crest^(a)		Consolidated
Net sales	$	152,631	$	36,603	$	25,948	$	215,182
Operating income		22,944		1,153		2,235		26,332
Depreciation and amortization		1,537		1,285		537		3,359
Purchases of property, plant and equipment		4,472		1,513		37		6,022

(a)

Crest was acquired on October 1, 2018.

	December 29, 2019			June 30, 2019
Assets:
MasterCraft	$	272,620		$	273,046
NauticStar		52,175			52,761
Crest		84,036			85,979
Eliminations		(163,013	)		(163,013	)
Total assets	$	245,818		$	248,773

GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Dec. 29, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

6.GOODWILL AND OTHER INTANGIBLE ASSETS

The carrying amounts of goodwill as of December 29, 2019 and June 30, 2019, attributable to each of the Company’s reportable segments, were as follows:

	Gross Amount		Accumulated Impairment Losses			Total
MasterCraft	$	29,593	$	-		$	29,593
NauticStar		36,199		(28,000	)		8,199
Crest		36,238		-			36,238
Total	$	102,030	$	(28,000	)	$	74,030

The following table presents the carrying amount of Other intangible assets, net as of December 29, 2019 and June 30, 2019.

	December 29,							June 30,
	2019							2019
	Gross Amount		Accumulated Amortization / Impairment			Other intangible assets, net		Gross Amount		Accumulated Amortization / Impairment			Other intangible assets, net
Amortized intangible assets
Dealer networks	$	39,500	$	(7,860	)	$	31,640	$	39,500	$	(5,909	)	$	33,591
Software		245		(61	)		184		245		(37	)		208
		39,745		(7,921	)		31,824		39,745		(5,946	)		33,799

Unamortized intangible assets
Trade names		49,000		(3,000	)		46,000		49,000		(3,000	)		46,000
Total other intangible assets	$	88,745	$	(10,921	)	$	77,824	$	88,745	$	(8,946	)	$	79,799

Amortization expense related to Other intangible assets, net for the three and six months ended December 29, 2019 was $1.0 million and $2.0 million, respectively. Amortization expense related to Other intangible assets, net for the three and six months ended December 30, 2018 was $1.0 million and $1.5 million, respectively. Estimated amortization expense for the fiscal year ended June 30, 2020 is $4.0 million.

During the fiscal fourth quarter of the year ended June 30, 2019, the Company recorded a $28.0 million impairment of goodwill and a $3.0 million impairment of trade name in our NauticStar segment. If actual performance or assumptions underlying the fair value of recorded goodwill for any reportable segment falls short of expected results, additional material impairment charges may be required.

During the three and six months ended December 29, 2019, the Company assessed all reporting units for triggering events that could indicate the need to perform an impairment test and concluded there were no such triggering events during the periods.

LONG-TERM DEBT - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 29, 2019	Jun. 30, 2019
Long-term debt
Total debt	$ 105,677	$ 113,741
Less current portion of long-term debt	9,420	9,167
Long-term debt, net of current portion	96,683	105,016
Senior Secured Term Loans
Long-term debt
Long-term debt	107,058	115,349
Debt issuance costs on term loans	(1,381)	(1,608)
Less current portion of debt issuance costs on term loans	$ (426)	$ (442)